My study based on 2009 Quarter 4 report (number in '000):-
- The Group's revenue has increased substantially 235% as compared to a revenue in the preceding year's corresponding quarter. The increase in revenue was mainly derived from higher revenue recognition from construction division from both on-going and completed projects upon finalisation of account with clients. Apart from that, better sales performance from Group's property projects has also contributed higher revenue in the current quarter
- Estimate next 4Q eps after 2009 Q4 result announced = 0.08(average of 0.02 per quarter if no new big project secure for construction division), estimate PE on current price 1.17 = 13.38(DPS 0.1)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.08, estimate highest/lowest PE = 9/7
- Estimate next 4Q eps after 2009 Q2 result announced = 0.08, estimate highest/lowest PE = 7.88/6.63
- Estimate next 4Q eps after 2009 Q1 result announced = 0.08, estimate highest/lowest PE = 7.44/5.38